Kovitz Investment Group Partners LLC Has $4.39 Million Holdings in FTAI Aviation Ltd. (NYSE:FTAI)

Kovitz Investment Group Partners LLC decreased its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 7.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 33,323 shares of the financial services provider’s stock after selling 2,558 shares during the period. Kovitz Investment Group Partners LLC’s holdings in FTAI Aviation were worth $4,391,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new stake in shares of FTAI Aviation in the 3rd quarter valued at $26,000. Arcadia Investment Management Corp MI acquired a new position in FTAI Aviation in the second quarter valued at about $33,000. Farther Finance Advisors LLC grew its stake in FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after buying an additional 189 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in shares of FTAI Aviation during the second quarter worth approximately $59,000. Finally, Raymond James Trust N.A. bought a new position in shares of FTAI Aviation in the third quarter valued at approximately $200,000. 88.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on FTAI. Benchmark increased their price target on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Jefferies Financial Group lifted their price target on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 30th. BTIG Research initiated coverage on shares of FTAI Aviation in a report on Monday, August 26th. They set a “buy” rating and a $140.00 price objective on the stock. Finally, Compass Point boosted their target price on shares of FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.18.

FTAI Aviation Price Performance

FTAI opened at $157.11 on Monday. The firm has a 50 day simple moving average of $151.60 and a 200 day simple moving average of $121.88. FTAI Aviation Ltd. has a fifty-two week low of $41.45 and a fifty-two week high of $177.18. The company has a market cap of $16.11 billion, a price-to-earnings ratio of -1,571.10 and a beta of 2.06.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). The company had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The firm’s revenue for the quarter was up 60.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. As a group, analysts expect that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.76%. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,200.00%.

About FTAI Aviation

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.